A Visit to HydroMiner
For a start-up operating in the cryptocurrency space and willing to acquire credibility within the community, transparency is a feature that should not be overlooked. The industry leaders such as huge cryptocurrency exchanges with highest trading volumes (e.g. Bittrex, Bithumb, CoinOne, HitBTC, Coinbase etc.), wallet providers (Blockchain.info, etc.), venture capital firms (e.g. Andreessen Horowitz, Winklevoss Capital) and news media (Coindesk, Cointelegraph,etc.) have already proven to the rest of the world that it is possible to run a business associated with digital coins legitimately. However, this isn’t always the case with the crypto mining factories, often hiding the locations of their facilities in order to avoid compliance with the state regulations.
Luckily, the European Parliament is friendly towards the use of cryptocurrency having taxed it as a means of exchange, and loyal to mining. The high costs of electricity and the energy requirements, however, affected the profitability of mining negatively so far, not until the first HydroMiner facility was set into operation bringing a unique business model to life in order to make crypto mining profitable in Europe.
HydroMiner is an eco-friendly crypto mining farm based in Austria that utilized the green hydro-electric power directly from the source that produces it. A few days ago, the crypto mining farm in Schönberg an der Kamp in the Austrian Alps was visited by Andreas Achleithner, CEO of Coin Advisors and BTC Business Consult, a vlog on YouTube that covers various ICOs and crypto startups, making interviews, reviews, analytics, etc. Andreas released a video-report on his visit to HydroMiner meeting the team members (Christian Vogl (CTO), Nadine Damblon (CEO), Sebastian Kastner (Lead Engineer), Tobias Ratschiller and Sascha Dennstedt (advisors)) personally and checking out the mining station that’s a very useful source of information about the project for people considering the purchase of the H2O tokens representing the power shares in the HydroMiner farms:
The video is indeed a great example how the transparency of the project that is raising funds through ICOs can be more trusted. This is what the founders of HydroMiner, the sisters Nadine and Nicole Damblon had in mind when they started.
“Unlike the other cryptocurrency mining facilities located in the Northern Europe and China, that keep their locations secret, at HydroMiner we wanted to be extremely transparent since the beginning. So anyone who’s interested can contact us and get a tour around the facility, or just watch the video from Andreas that’s pretty exhaustive as well,” – shared Nadine Damblon, CEO at HydroMiner.
The video was released just before the ICO presale of the H2O tokens opened on September 25 and closed in 36 minutes because the pre-sale cap of 1,500 ETH was reached. The team raised $429K USD from selling 187,500 H2O tokens aiming to use the invested money to extend the number of the facilities and their efficiency. This will be achieved by buying more hardware and installing it into container or hydropower stations directly in many locations around Austria. Setting up a new facility takes about 30 days.
The project is extremely interesting to follow and to purchase H2O which can then be traded directly for company kwH, which will generate the monthly mining shares to the token holders serving as cloud mining contracts, yet much better and more profitable than the concurrence. The returns can exceed 70% percent per year.
The main H2O token sale is scheduled for October 18th and you can participate by registering your wallet here //www.hydrominer.org/token-sale/